In big relief for bus major Scania Commercial Vehicles India Private Limited and several directors of the company, the high court quashed proceedings in a criminal case registered against them by SRS Travels, a city-based transport operator."The complaint itself narrates that between 2014 and 2018, 77 buses were purchased and...
Karnataka HC relief for bus major Scania Commercial Vehicles India Private Limited and its directors, Legal News, ET LegalWorld – Legal Firms
In big relief for bus major Scania Commercial Vehicles India Private Limited and several directors of the company, the high court quashed proceedings in a criminal case registered against them by SRS Travels, a city-based transport operator."The complaint itself narrates that between 2014 and 2018, 77 buses were purchased and...
Karnataka HC, Legal News, ET LegalWorld – Legal Firms
BENGALURU: The gratuity amount of an employee cannot be adjusted towards his/ her loan account, the Karnataka HC has ruled recently.Rejecting a petition filed by Canara Bank, Justice Suraj Govindaraj has pointed out that there is a special treatment for payment of gratuity both under the Payment of Gratuity Act...
Karnataka HC, Legal News, ET LegalWorld – Legal Firms
BENGALURU: A shareholder, minority or otherwise, cannot initiate proceedings before the magistrate by himself/herself for an alleged offence under Section 447 of the Companies Act, the high court ruled recently.Pointing out that a shareholder is not short of remedies against fraud, Justice Suraj Govindaraj said that such a shareholder essentially...
Karnataka HC, Legal News, ET LegalWorld – Legal Firms
BENGALURU: In a case of composite negligence, the claimant is entitled to claim against both or any one of the responsible parties and recover the entire compensation from either of the two, jointly or severally, the Dharwad bench of the high court observed in a recent judgment. Allowing an appeal,...